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- Working Paper
This paper extends the heterogeneous agent overlapping generations model with bequests in Nishiyama (2000) by adding two-way intergenerational altruism and inter vivos transfers.
- Working Paper
This paper extends a heterogeneous agent overlapping generations model by implementing bequests and measures the degrees of time preference and parental altruism through the calibration of the model to the U.S. economy.
- Working Paper
As an input to its estimates of federal revenues, the Congressional Budget Office requires an estimate of capital gains realizations in the current calendar year and forecasts of realizations for the next 10 years.
- Working Paper
Family patterns for military personnel have changed dramatically since the institution of the All-Volunteer Force in 1973.
- Working Paper
In this paper a particular type of policy, price supports, is analyzed in a two-country, dynamic, general equilibrium model.
- Working Paper
This paper examines changes in Social Security that have been proposed as ways to reduce poverty among elderly women.
- Working Paper
In this paper, we seek to develop a reliable method to predict turning points in observed economic variables.
- Working Paper
This paper presents the latest generational accounts and lifetime net tax rates for the United States.
- Working Paper
This paper considers alternative ways to privatize the U.S. Social Security system. It does so using a new rational-expectations simulation model based on the Auerbach and Kotlikoff (1987) model.
- Working Paper
Equivalence Scales, the Income Distribution, and Federal Taxes